Moody's Investors Service (Moody's) has today affirmed the Baa1 long-term senior unsecured rating and the (P)Baa1 provisional long-term EMTN senior unsecured rating of SANEF S.A. (Sanef), as well as the ...

An agreement between Spain's ACS (ACS.MC) and Italy's Atlantia (ATL.MI) to make a joint 18-billion-euro ($22.2 billion) bid for Abertis (ABE.MC) will not lead to a break-up of the Spanish toll-road operator's assets, ACS's chairman said on Thursday. Spanish builder ACS and Atlantia agreed to jointly bid for Abertis on Wednesday, ending a five-month bidding battle and easing political concerns. Spain's government had worried that an Italian takeover would have left important highways and a strategic satellite business under foreign ownership.

One thing to start: Our colleagues have broken news on the latest twist in the Melrose/GKN hostile takeover fight. Airbus has told the Financial Times it would be “practically impossible” to give new work ...

MILAN/ROME (Reuters) - Italy's Atlantia and Spanish builder ACS agreed a joint 18 billion euro (£15.9 billion) bid for Abertis on Wednesday, ending a five-month battle for the Spanish road-toll operator and easing political worries. The Spanish government had been concerned that an Italian victory could leave some of the country's most important roads under full foreign control and the proposed joint bid, which will be made by ACS-controlled Hochtief, ensures a strong Spanish influence over the future of Abertis. Under the terms of the proposed deal Atlantia will own 50 percent plus one share in the entity which will ultimately own Abertis, plus an additional, indirect stake through a related purchase of around 25 percent interest in Hochtief.

* Atlantia, ACS strike deal to jointly buy Abertis * Atlantia to have control over acquisition vehicle * Italian group has option to buy stake in Cellnex * Deal follows Spanish concerns over foreign takeover (Adds boards' approval, Atlantia option on Cellnex) By Francesca Landini and Stefano Bernabei MILAN/ROME, March 14 (Reuters) - Italy's Atlantia and Spanish builder ACS agreed a joint 18 billion euro ($22 billion) bid for Abertis on Wednesday, ending a five-month battle for the Spanish road-toll operator and easing political worries. The Spanish government had been concerned that an Italian victory could leave some of the country's most important roads under full foreign control and the proposed joint bid, which will be made by ACS-controlled Hochtief, ensures a strong Spanish influence over the future of Abertis.

Spain's ACS and Italy's Atlantia agreed terms on Wednesday to jointly take over Abertis , ending a potential bidding war for the Spanish highway concessions group. Under the new terms, Atlantia will withdraw ...

As president of Real Madrid football club, Florentino Pérez is used to masterminding large transactions involving big egos. But even by his standards, the deal he has done with the Benetton family to carve ...

Italian motorway operator Atlantia and Spanish construction group ACS have turned from rivals to corporate allies after agreeing terms to jointly take over Spain’s Abertis. The move to create a broader ...

Italy's Atlantia and builder ACS reached an agreement over taking joint control of Abertis, sources said on Tuesday, putting an end to a long bidding war for the Spanish toll road operator. Atlantia and ACS have been locked in battle for months, with the Spanish government concerned that an Italian victory could leave some of the country's most important transport arteries under foreign control. The deal between the suitors comes a day after a bid by ACS's German arm Hochtief -- valuing Abertis at 18.2 billion euros (£16.2 billion) including the group's treasury shares -- received clearance from Spain's market regulator.

Italy's Atlantia will name the chief executive of a new company it will create with Spain's ACS to jointly control toll road operator Abertis, a source said on Tuesday. Under the terms of the deal, Atlantia would consolidate the jointly acquired Abertis business, the source with knowledge of the matter added. Atlantia, controlled by the Benetton family, and ACS, led by Real Madrid soccer club Florentino Perez, signed a deal to jointly take over control of Abertis, a source said, ending a four-month bidding war for the Spanish group.

Italian motorway operator Atlantia and Spanish construction group ACS have reached a deal to combine forces to take over Spain’s Abertis, according to sources close to the deal. Last week, the two groups ...

Spain's market regulator on Monday cleared Hochtief's (HOTG.DE) takeover bid for toll road company Abertis (ABE.MC), starting a one month period in which Hochtief and rival bidder Atlantia (ATL.MI) can improve their proposals. If a deal is reached, Atlantia would likely withdraw its offer for the Spanish company and sign an agreement with ACS on how to divide Abertis's assets, the source said on Thursday. Atlantia and ACS are in talks over a possible joint bid that would mean joint ownership and avoid a breakup of the company, El Mundo reported on Monday citing unnamed sources close to the talks and adding an agreement could be reached sometime this week.

European shares ended on a high Thursday, buoyed by a weaker euro on the back of cautious comments from ECB President Mario Draghi on inflation, while M&A news sparked some sizeable stock moves. The pan-European STOXX 600 was up 1.1 percent at its close, while Euro zone stocks also rose 1.1 percent.

MADRID/MILAN/ROME (Reuters) - Spain's ACS (ACS.MC) and Italy's Atlantia (ATL.MI) said they are in talks over their competing bids for Spanish toll road company Abertis (ABE.MC) and a source said they could decide to break up the company rather than press on with a costly takeover battle. "If a deal is reached, Atlantia would likely withdraw its offer for the Spanish company and sign an agreement with ACS on how to divide Abertis's assets," the source close to the matter said. Atlantia would be interested in the Italian, French and part of the Latin American assets of the Spanish toll-road operator, the source said.

Italian motorway operator Atlantia and Spanish construction group ACS are in talks about combining forces to take over Spain’s Abertis in a potential €19bn deal. The two companies have for months been ...

European shares inched up in early deals on Thursday, as dealmaking gathered pace and fears of a trade war faded, although some disappointing earnings updates weighed. The pan-European STOXX 600 edged up 0.1 percent by 0830 GMT, with defensive sectors leading the way while oil and materials stocks weighed. Merger and acquisition news drove big stock moves.

The Benetton family’s Atlantia SpA and Spanish builder ACS confirmed they are in preliminary talks about Abertis Infraestructuras SA, signaling the rival suitors may be seeking to avert a bidding war over ...

Channel tunnel operator Getlink (GETP.PA) on Friday said it welcomed the purchase by Italy's Atlantia (ATL.MI) of a 15.49 percent stake in its capital as a sign of confidence. "The arrival of Atlantia, a major player in the infrastructure world, is fantastic news, a sign of stability and very positive for our shareholders and our staff," Getlink CEO Jacques Gounon said in a statement. "This position shows great confidence in the future of Getlink and opens up very constructive opportunities for development," he added.

Italy's Atlantia (ATL.MI) said on Friday it bought for over 1 billion euros (891.85 million pounds) a 15.49 percent stake in France's Getlink (GETP.PA), becoming the top investor in the operator of the tunnel between Britain and Continental Europe. Atlantia said in a statement it paid 12.40 euros for each Getlink share. It bought the group from an investment vehicle controlled by funds managed by Goldman Sachs Infrastructure Partners.

Italy's largest motorway operator Atlantia has secured financing to raise its takeover bid for rival Abertis but any improved offer could take up to a month to materialise, two sources familiar with the matter told Reuters. A new bid is expected to value Spain's Abertis at no less than 19 euros a share, or around 17 billion euros, as the Italian firm needs to trump a 18.76 euro per share offer made by German builder Hochtief in October. Atlantia's top managers told U.S. investors in New York this week that the Rome-based firm was ready to pay only in cash, rather than using a mix of cash and shares as initially envisaged, said the sources, who both attended the meetings.

Italy's largest motorway operator Atlantia has secured financing to raise its takeover bid for rival Abertis but any improved offer could take up to a month to materialise, two sources familiar with the matter told Reuters. A new bid is expected to value Spain's Abertis at no less than 19 euros a share, or around 17 billion euros, as the Italian firm needs to trump a 18.76 euro per share offer made by German builder Hochtief in October. Atlantia's top managers told U.S. investors in New York this week that the Rome-based firm was ready to pay only in cash, rather than using a mix of cash and shares as initially envisaged, said the sources, who both attended the meetings.